Aljian Capital Management LLC Sells 2,670 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Aljian Capital Management LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 35.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,791 shares of the apparel retailer’s stock after selling 2,670 shares during the period. Aljian Capital Management LLC’s holdings in Lululemon Athletica were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LULU. Thrivent Financial for Lutherans boosted its stake in Lululemon Athletica by 90.8% in the third quarter. Thrivent Financial for Lutherans now owns 417,047 shares of the apparel retailer’s stock valued at $113,165,000 after acquiring an additional 198,445 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at $232,000. WIM INVESTMENT MANAGEMENT Ltd acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $4,906,000. Schear Investment Advisers LLC raised its stake in Lululemon Athletica by 6.6% in the 3rd quarter. Schear Investment Advisers LLC now owns 3,234 shares of the apparel retailer’s stock worth $878,000 after acquiring an additional 201 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its position in Lululemon Athletica by 21.1% during the 3rd quarter. KPP Advisory Services LLC now owns 2,098 shares of the apparel retailer’s stock worth $569,000 after acquiring an additional 366 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LULU shares. Wedbush cut their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. KeyCorp cut their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Bank of America reduced their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Raymond James lowered their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $357.13.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Price Performance

Shares of LULU opened at $320.01 on Monday. The firm has a 50-day simple moving average of $286.35 and a two-hundred day simple moving average of $289.45. The stock has a market cap of $39.29 billion, a PE ratio of 24.73, a P/E/G ratio of 2.33 and a beta of 1.24. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $2.68 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Lululemon Athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.